• Administrator of the Small Business Administration - 101

  • Auteur(s): Quiet. Please
  • Podcast

Administrator of the Small Business Administration - 101

Auteur(s): Quiet. Please
Écouter gratuitement

  • Résumé

  • This is your What does the US Administrator of the Small Business Administration do, a 101 podcast.

    Discover the intriguing stories of the Administrators of the Small Business Administration with the "Administrator of the Small Business Administration: Living Biography" podcast. This regularly updated series delves into the lives and leadership of key figures who have shaped small business policies and practices. Perfect for entrepreneurs, history enthusiasts, and policy buffs, each episode offers an engaging narrative that highlights their contributions to economic development and innovation. Tune in to gain insights into the pivotal roles these leaders play in supporting small businesses nationwide.

    For more info go to

    https://www.quietplease.ai

    Check out these deals https://amzn.to/48MZPjs
    Copyright 2024 Quiet. Please
    Voir plus Voir moins
Politique Sciences politiques
Voir plus Voir moins
Épisodes
  • SBA Welcomes New Administrator Kelly Loeffler, Poised to Boost Small Business Growth

    SBA Welcomes New Administrator Kelly Loeffler, Poised to Boost Small Business Growth
    Feb 20 2025
    In a significant development, the U.S. Senate confirmed Kelly Loeffler as the Administrator of the U.S. Small Business Administration (SBA) on February 19, 2025, with a vote of 52-46. This confirmation marks a new era for the SBA, as Loeffler brings her extensive experience as a business leader to the role.

    Loeffler's confirmation has been met with optimism, particularly from those who believe her background will be beneficial for small business owners. As noted by supporters, her years of experience in the business sector make her well-equipped to advocate for and support small businesses across the country. This sentiment is echoed by lawmakers who look forward to working with her to ensure the prosperity of small businesses.

    Under Loeffler's leadership, the SBA is likely to continue implementing recent regulatory changes aimed at supporting small businesses. For instance, the SBA has recently issued a Final Rule that clarifies the role of minority equity holders in small businesses, including those participating in the 8(a) Business Development program. This rule introduces uniform negative controls that minority owners can hold without triggering affiliation, which includes actions such as adding new equity stakeholders, company dissolution, and amendments to corporate governance documents. This change is expected to facilitate greater access to capital and attract additional partners for 8(a) concerns, thereby promoting growth and development.

    Additionally, the new rule increases the allowable ownership percentages for non-disadvantaged individuals in 8(a) small business firms. Specifically, it raises the ownership cap from 10% to 20% in the developmental stage and from 20% to 30% in the transitional stage of program participation. This adjustment is designed to open up more opportunities for minority investors while ensuring that majority ownership and control remain with socially and economically disadvantaged individuals.

    As Loeffler assumes her role, she will be at the helm of an organization committed to advocating for small businesses, empowering entrepreneurship, and delivering results to help America’s small businesses succeed. Her leadership is anticipated to build on the SBA’s mission to support and grow businesses across various communities, leveraging her experience to navigate the complexities of small business development and government contracting.
    Voir plus Voir moins
    3 min
  • SBA in Turmoil: New Leader Faces Unprecedented Cuts, Data Security Risks

    SBA in Turmoil: New Leader Faces Unprecedented Cuts, Data Security Risks
    Feb 18 2025
    The Small Business Administration (SBA) is facing significant challenges and changes, particularly with the impending transition in its leadership and recent drastic actions by the Department of Government Efficiency (DOGE).

    Former Senator Kelly Loeffler is set to take over as the SBA Administrator, a role that will be crucial given the current turmoil. Her appointment comes at a time when the SBA is reeling from the aftermath of DOGE's actions, led by billionaire Elon Musk. In an unprecedented move, DOGE has gutted the SBA, slashing hundreds of critical staff positions. This decision has sparked widespread outrage among small-business owners and advocates, who warn of devastating consequences for entrepreneurs who rely on the SBA for capital, disaster relief, and mentorship.

    The cuts implemented by DOGE are expected to have immediate and far-reaching impacts. Small-business owners can anticipate longer wait times for loan approvals, which could jeopardize the survival of local businesses. There will also be reduced disaster assistance for businesses affected by natural disasters, weakened support for government contractors, and fewer technical resources for historically underrepresented business owners. These changes are particularly concerning for veterans, women, and Black and Latino entrepreneurs, who already face systemic barriers to funding[1].

    Additionally, there are concerns about the access DOGE has been granted to SBA systems. Representative Maggie Goodlander and other lawmakers have demanded clarification on the extent of Elon Musk’s DOGE access to SBA systems, including HR, contract, and payment systems. This access raises significant concerns about the potential threat to critical SBA programs, the agency's network of lenders and resource partners, and the private data of small business owners. The lawmakers fear that this unauthorized access could block critical SBA services and endanger the private information of small business owners and SBA partners[4].

    In the midst of these challenges, the SBA has also made recent regulatory changes. A new rule effective as of January 16, 2025, clarifies the role of minority equity holders in small businesses, particularly within the 8(a) program. This rule expands the permissible controls that minority owners can have without triggering affiliation or disqualification under the program. This includes allowing minority shareholders to take extraordinary actions to protect their investments without impeding the majority's control over the business operations[5].

    As the SBA navigates these complex issues, the incoming Administrator, Kelly Loeffler, will face the daunting task of addressing the fallout from DOGE's cuts, ensuring the security and integrity of SBA systems, and implementing new regulations to support the diverse needs of small businesses across the country. Her leadership will be pivotal in restoring the confidence of small-business owners and advocates who are fighting to reverse the cuts and restore SBA funding.
    Voir plus Voir moins
    3 min
  • Turbulent Times for Small Businesses: SBA Faces Leadership Transition, Drastic Cuts, and Cybersecurity Concerns

    Turbulent Times for Small Businesses: SBA Faces Leadership Transition, Drastic Cuts, and Cybersecurity Concerns
    Feb 16 2025
    In recent days, the Small Business Administration (SBA) has been at the center of significant controversy and change, particularly with the impending transition in its leadership and drastic cuts imposed by the Department of Government Efficiency (DOGE).

    Former Senator Kelly Loeffler is set to take over as the SBA Administrator, following her nomination by President Trump. Her confirmation is pending a vote by the U.S. Senate. This transition occurs amidst a tumultuous period for the SBA, as the DOGE, led by billionaire Elon Musk, has made sweeping cuts to the agency. These cuts involve the elimination of hundreds of critical staff positions, a move that has sparked widespread outrage among small-business owners and advocates[1][2].

    The cuts are expected to have severe consequences for entrepreneurs who rely on the SBA for various services. Small-business owners can anticipate longer wait times for loan approvals, reduced disaster assistance, weakened support for government contractors, and fewer technical resources, particularly for historically underrepresented business owners. These changes are likely to hit veterans, women, and Black and Latino entrepreneurs especially hard[1].

    The access granted to DOGE to all SBA systems, including HR, contract, and payment systems, has also raised concerns. Representative Maggie Goodlander and other lawmakers have expressed alarm over the potential threat this poses to critical SBA programs and the private data of small business owners. They fear that this unauthorized access could block essential SBA services and endanger the private information of small business owners, SBA resource partners, and employees[4].

    Despite these challenges, the SBA has continued to evolve its policies. A new rule effective as of January 16, 2025, clarifies the role of minority equity holders in small businesses and the share of equity non-disadvantaged individuals can hold in an 8(a) concern. This regulatory change is part of the SBA's ongoing efforts to refine its regulatory regime for small business contractors[5].

    The Small Business & Entrepreneurship Council (SBE Council) is advocating for several policy changes to support small businesses, including making the 20% small business deduction permanent and promoting a less intrusive regulatory system. The council is also pushing for federal procurement reform and a modernized SBA to encourage startup activity and small business growth[2].

    In summary, the SBA is navigating a critical period marked by leadership changes, significant budget cuts, and concerns over data security, all while continuing to implement regulatory changes aimed at supporting small businesses. The impact of these developments will be closely watched by the small business community and policymakers alike.
    Voir plus Voir moins
    3 min

Ce que les auditeurs disent de Administrator of the Small Business Administration - 101

Moyenne des évaluations de clients

Évaluations – Cliquez sur les onglets pour changer la source des évaluations.

Évaluations sur Audible.ca

Évaluations sur Amazon.ca
Il n'y a pas encore de critiques pour ce titre.